How Many People Are Millionaires Without Counting Their Home?

How Many People Are Millionaires Without Counting Their Home? Most millionaires aren’t really millionaires. Well, at least not once you take out the value of their home. On paper, they look like they’ve made it—nice house, solid net worth–seven figures if you check the right box on a spreadsheet. But if you subtract their home equity, suddenly things look a lot different.